# Duffel Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/duffel-technology

- Industry: Internet
- Headquarters: London, UK
- Website: www.duffel.com
- Total disclosed funding: $56M
- Latest round: Series B (Oct 28, 2019)
- Investors on record: 6

## About

Duffel Technology Ltd. provides an innovative API platform designed for businesses to efficiently sell travel services, including flights and hotel accommodations, enhancing the travel booking experience for various clients.Founded in 2017, Duffel Technology Ltd. operates from London, UK. The company focuses on enabling businesses, from startups to large enterprises, to sell travel services through its API platform. Steve Domin, the CEO, has a background in developing technology solutions for the travel industry. Duffel has successfully raised USD 56 mn in funding from prominent investors such as Blossom Capital and Index Ventures, with its latest funding round concluded on September 12, 2022, bringing its total amount raised to USD 56 mn across four deals.Duffel specializes in providing an API platform that enables businesses of all sizes—from startups to large enterprises—to sell travel services, including flights, hotel stays, and travel extras. Their offerings include a flight search system with autocomplete functionality and search filters, alongside access to over 1 million hotel properties globally, allowing users to earn commissions on bookings. The platform enhances travel management processes within spend management solutions, serving a diverse client base, including travel agencies and corporate travel departments across North America, Europe, and Asia.Duffel generates revenue through transaction-based models by facilitating the sale of travel products via its API. Clients, including travel agencies and fintech companies, integrate Duffel’s API to earn commissions on bookings. The revenue model involves partnerships where businesses leverage Duffel’s technology to provide travel solutions, with pricing structured based on transaction volume and specific features utilized.In September 2022, Duffel Technology Ltd. raised USD 56 mn in venture funding to support its growth initiatives. The company plans to launch new product offerings designed to enhance its existing platform and potentially expand its services into new markets. Geographic expansion is targeted towards additional regions in Europe and Asia by 2025, aiming to increase its client base and improve service accessibility. The recent funding will directly support these product developments and market entry strategies.

## Funding rounds

- Series B, Oct 28, 2019, $30M — Benchmark, Index Ventures, Blossom
- Series A, Jun 19, 2019, $22M — Benchmark, Index Ventures, Blossom
- Seed, Aug 31, 2018, $4.7M — Index Ventures, Kima Ventures, Y Combinator, Crankstart Foundation, Blossom

## Investors

- Index Ventures (https://capitalatlas.ai/funds/index-ventures) — Seed, Series A, Series B
- Kima Ventures (https://capitalatlas.ai/funds/kima-ventures) — Seed
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Crankstart Foundation — Seed
- Blossom (https://capitalatlas.ai/funds/blossom) — Seed, Series A, Series B
- Benchmark (https://capitalatlas.ai/funds/benchmark) — Series A, Series B